There were 11 new PENDING ESCROWS this past week according to the South Tahoe Multiple Listing Services, down 2 from the previous week’s 13.  The lowest pending listing price from this group was $199,900 for 864 Rainbow, a 3 bedroom, 2 bathroom home in the Tahoe Island neighborhood. This home has 1,410 square feet and is a bank-owned property.  The highest pending sale price over the past week was $1,178,000 for 2172 Balboa, a remodeled Tahoe Keys waterfront home with 5 bedrooms, 5 baths and 1400 square feet. The overall median list price among last week’s pending sales was $329,000 and the average list price was $529,391. The average time on the market was 195 days.

The big news was that there were 15 CLOSED SALES this past week, up 5 from the previous week’s 10.  The lowest recorded sale price within this group was $144,000 for 2608 Pinter, a 3 bedroom, 2 bathroom with 928 square feet. This home was a short sale and is located in the Sierra Tract neighborhood.  The highest sale price last week was $630,000 for 1938 Osage Circle, another short sale located in the Tahoe Paradise neighborhood.  (yeah Pinnacle.)  This home has 6 bedrooms, 4 baths and 3,384 square feet. The overall median sale price for this past week was $317,000 and the overall average was a bit higher than the median at $349,800.  The average time on the market (including the escrow period) was 166 days.

As of November 10, 2010 there are 502 active single-family and condo listings on the South Lake Tahoe Association of Realtors’ Multiple Listing Services.  Out of these 502 currently active listings, 90 are in the process of escrow. Of the 90 pending escrows, slightly over half (46) are currently awaiting bank approval for a short sale.

Lake Tahoe Aspens

As the Nevada Lake Tahoe real estate market activity continues along a steady yet slow pace, the glory of the Fall season is definitely upon us.  According to the Northern Nevada Regional Multiple Listing Services, there are 158 single family homes currently listed for sale in South Lake Tahoe’s Nevada East Shore area. Out of this group of Nevada homes for sale, there are 15 homes that are in escrow. Out of the 15 escrows, 6 are still awaiting bank approval for a short sale. Among these 158 active listings, the median list price is $977,000 but the average list price is $2,545,596.  The median list price for homes in escrow is $479,000 with an average list price of $647,566.

As is typical this time of year, the number of new listings begins to dwindle and the inventory slowly declines.  Throughout the past week there was just 1 new single family home added to the active inventory for sale with an asking price of $669,500.  This home is located at 644 Freel in the Zephyr Cove neighborhood with filtered lake views, 3 bedrooms, 1 bath and 1305 square feet of living space.  As far as new escrows and closed sales, the news was pretty quiet.  Unfortunately there were no homes that went into escrow this past week.  There were also no single family homes that were recorded as sold over the past week.

There are currently 89 condominiums listed for sale on the Nevada side of South Lake Tahoe. The median asking price for this group is $349,900 and the average asking price is $596,539. Out of these 89 condos, there are 11 that are currently in escrow. Among the 11 pending sales, 5 are subject to bank approval for a short sale. During this past week there was just one new condo listing which was listed at $250,000, which will also be subject to bank approval for a short sale. This townhouse is located at 100 Gold Hill Rd. in Zephyr Cove and has 3 bedrooms, 1 bath and 1260 square feet of living space.  As we found in the single family residence category, the new pending sales hit the big zero with no pending sales for Nevada condos for the second week in a row.  There was however, one recorded sale for Nevada East Shore condos/ townhouses this past week. This condo is located at 191 Lakeshore Blvd. in the Zephyr Cove area and has 3 bedrooms, 3 baths and 1,438 square feet of livong space. This condo was a bank owned foreclosure sale.

There were 12 new PENDING ESCROWS this past week according to the South Tahoe Multiple Listing Services, down 1 from the previous week’s 13.  The lowest pending list sale price from this group was $150,000 for 1410 Ski Run #7, a 2 bedroom, 1 bath with 832 square feet. This condo is located off Ski Run Blvd. near heavenly Ski Resort.  The highest pending sale price over the past week was a Tahoe Keys home listed at $849,000. This home is located at 1603 Venice, also in the Tahoe Keys and has 3 bedrooms, 2 baths and 2,447 square feet of living space. The overall median list price among last week’s pending sales was $344,000 and the overall average was $391,150. The average time on the market was 95 days.

There were 11 CLOSED SALES this past week, down 4 from the previous week’s 15.  The lowest recorded sale price within this group was $85,000 for 3669 Rocky Point Rd.  Located in the Heavenly Valley neighborhood, this home is considered a “fixer” with 2 bedrooms, 1 bath and 648 square feet. This was a traditional sale, not a foreclosure or a short sale.  The highest sale price last week was 2153 Oaxaco which sold for $650,000. This home is a brand new construction located in the North Upper Truckee neighborhood and has 4 bedrooms, 2.5 baths and 2,685 square feet. This was also a traditional sale.  The overall median sale price for this past week was $2,879,999 and the overall average was $337,982. The average time on the market (including the escrow period) was 193 days.

As of October 13, 2010 there are 531 active single family and condo listings on the South Lake Tahoe Association of Realtors’ Multiple Listing Services.  Out of these 531 listings, 107 are currently in escrow. Of the 107 pending escrows, there are 48 that are currently awaiting bank approval for a short sale.

There were 13 new PENDING ESCROWS this past week according to the South Tahoe Multiple Listing Services, down just 1 from the previous week’s 14.  The lowest pending list sale price from this group was $129,900 for 1041 River, a 3 bedroom, 1 bath with 810 square feet. This is a bank owned home located in the Sierra Tract neighborhood.  The highest pending sale price over the past week was listed at $649,000 for 2078 Traverse, a Tahoe Keys home with 3 bedrooms, 2 baths and 1556 square feet of living space. The overall median listing price among last week’s pending sales was $275,000. The average time on the market was 106 days.

There were 15 CLOSED SALES this past week, the same number as the previous week.  The lowest recorded sale price within this group was only $80,000 for a condo located in the Y neighborhood (congratulations to Fawne Hayes from the Pinnacle Real Estate Group). This condo has 2 bedrooms, 1 bath and 841 square feet and was a normal sale.  The highest sale price last week was $950,000 for 636 Alpine, a Tahoe Keys home with 4 bedrooms, 3 baths and 3737 square feet of living space. This was also a “traditional” sale.  The overall median sale price for this past week was $330,000 with an average time on the market (including the escrow period) of 96 days.

As of September 29, 2010 there are 534 active single family and condo listings on the South Lake Tahoe Association of Realtors’ Multiple Listing Services. From this group of listings there are 41 that are bank owned properties and 89 that are short sales. Out of these 534 listings, 101 of are currently in escrow. Of the 101 pending escrows, there are 50 that are awaiting bank approval for a short sale.

There were 14 new PENDING ESCROWS this past week according to the South Tahoe Multiple Listing Services. This is the same number as the previous week’s pending sales.  The lowest pending list sale price from this group was $175,000 for 1108 Craig, a 2 bedroom, 1 bath with 632 square feet located in the Bijou Pines neighborhood.  The highest pending sale price over the past week was listed at $649,000 for 2452 Lupine, a Montgomery Estates home with 4 bedrooms, 3 baths and 3355 square feet. Both of these pending sales are “normal” sales and are not bank owned or short sales.  Yeah!  The overall median listing price among last week’s pending sales was $294,000, however, the overall average price was $350,686. The average time on the market was 93 days.

There were 15 CLOSED SALES this past week, up 2 from the previous week’s 13.  The lowest recorded sale price within this group was $152,000 for 1071 Reno, a Sierra Tract home with 2 bedrooms, 1 bath and 864 square feet. This was a bank-owned sale.  The highest sale price was last week was $1,225,000 for 2019 Aloha, a 4 bedroom, 2.5 bath with 2356 square feet. This home is located in the Tahoe Keys with a private boat dock and close access to the open waters of Lake Tahoe.  The overall median sale price was $475,000 with an average time on the market (including the escrow period) of 77 days.

As of September 29, 2010 there are 560 active single family and condo listings on the South Lake Tahoe Association of Realtors Multiple Listing Services. Out of these 560 listings, 107 of are currently in escrow. Of the 107 pending escrows, there are 47 that are awaiting bank approval for a short sale.

During this past week there were 6 new single family homes listed for sale.   The lowest priced new listing was $349,900 for 293 Andria, a 3 bedroom, 2 bath with 1500 square feet located on the Kingsbury Grade.  The highest priced new listing was $7,500,000 for 2010 Pray Meadow, a 5 bedroom, 5 bath with 9125 square feet located in the highly sought after Glenbook neighborhood. There were 3 homes that went into escrow last week with a median list price of $844,950. The lowest priced new escrow was $690,000 for 1294 Kings Way, a 3 bedroom, 2 bath with 1818 square feet. The highest priced new escrow was $1,540,000 for 120 Ponderosa, a 4 bedroom, 4 bath with 3813 square feet of living space located in Skyland. There were also 3 recorded sales last week with a median sale price of $534,000. The lowest sale price was $399,000 for 289 Andria Dr., a 3 bedroom, 2 bath with 1423 square feet located in the Upper Kingsbury neighborhood close to the Nevada side of Heavenly Mountain. The highest recorded sale price was $1,295,000 for 668 Bonnie Ct. a 5 bedroom, 4 bath with 3478 square feet.

There are currently 101 condominiums listed for sale on the Nevada side of South Lake Tahoe. The median asking price for this group is $349,900. Out of these 101 condos, there are 14 currently in escrow. Among the 14 pending sales, 3 are awaiting bank approval for a short sale. During this past week there were 7 new condos put on the market with a median asking price of $210,000. The lowest priced new condo listing was $170,000 for 159 Tramway, a 3 bedroom, 2 bath with 1280 square feet.  The highest priced new condo listing was $699,000 for 98B Lake Village, a 3 bedroom, 2 bath with 1888 square feet.  Unfortunately there were no new pending sales during the week of Sept. 10th through Sept. 16th. However, there was 1 recorded condo sale this past week which sold for $255,000. This condo was located at 223 Ski Ct. A and has 3 bedrooms, 2 baths and 920 square feet.

This past week there were 12 new PENDING ESCROWS according to the South Tahoe Multiple Listing Services. This number is down 9 from the previous week’s whopping 21 pending sales.  The lowest pending sale price from this group was a condo located in the Y area at 1223 Bonanza 10. This condo has 2 bedrooms, 1 bath and 841 square feet.  The highest pending sale price over the past week was $629,000 for 2075 Slalom, a 4 bedroom, 3 bath home located within the Tahoe Keys.  This property features 2085 square feet of living space. This sale is pending bank approval for a short sale. The overall median listing price among last week’s pending sales was $251,900 with an average time on the market of 92 days.

The number of CLOSED SALES over this past week was 12, up 3 from the previous week’s 9.  The lowest recorded sale price within this group was $105,000 for a Sierra Tract home located at 2600 Kubel. This was a foreclosure and the home has 2 bedrooms, 1 bath and 852 square feet of living space.  The highest sale price was last week was $599,000 for 1238 Lone Indian Trail, a 3 bedroom, 3 bath with 2670 square feet. This home is located in the Montgomery Estates neighborhood. The overall median sale price was $312,500 with an average time on the market (including the escrow period) of 95 days.

As of September 16, 2010 there are 597 active single family and condo listings on the South Lake Tahoe Association of Realtors Multiple Listing Services. Out of these 597 listings, 116 of are currently in escrow. Of the 116 pending escrows, there are 39 that are awaiting bank approval for a short sale.

According to the Northern Nevada Regional Multiple Listing Services, there are 165 single family homes currently listed for sale in South Lake Tahoe’s Nevada East Shore. Out of this group of Nevada homes for sale, there are 14 homes that are in escrow and 5 of those escrows are still awaiting bank approval for a short sale. Among these 163 active listings, the median list price is $975,000.

During this past week there were 2 new single family homes added to the inventory.   Both of these new listings are on the high end of the scale as far as the average inventory goes.  The lowest priced new listing was $4,450,000 for 450 Reno, a 5 bedroom, 3 bath home with 3099 square feet. The highest priced new listing was $6,395,000 for 319 Paiute. This home has 5 bedrooms, 7 bathrooms and 11,751 square feet.

The news was rather quiet in regards to actual sales.  There were no new escrows reported this past week as well as no recorded closed sales reported through the Northern Nevada Regional MLS during the week of Sept. 3rd through Sept. 9th.

There are currently 99 condominiums listed for sale on the Nevada side of South Lake Tahoe. The median asking price for this group is $349,900. Out of these 99 condos, there are 17 currently in escrow. Among the 17 pending sales, 4 are awaiting bank approval for a short sale. During this past week there were 4 new condos put on the market with a median asking price of $255,000. The lowest priced new condo listing was just $94,900 for 352 Galaxy, a 1 bedroom, 1 bathroom with 600 square feet located near the Nevada side of Heavenly Ski Resort at the top of the Kingsbury Grade. The highest priced new condo listing was $315,000 for 180 Clubhouse Circle.  This condo has 3 bedrooms, 2 baths, 1294 square feet and is located in the Lake Village condominium neighborhood.  According to the Northern Nevada Regional MLS, there were no new pending sales or recorded sales during the week of September 3rd through September 9th.

This past week there were 21 new PENDING ESCROWS (WOW!) according to the South Tahoe Multiple Listing Services, up 8 from the previous week’s 13 pending sales.  The lowest pending sale price from this group was a fixer upper listed at $98,200 for 3669 Rocky Point. This home is located near Heavenly Valley Ski Resort and has 2 bedrooms, 1 bath and 648 square feet.  The highest pending sale price over the past week was $605,000 for 2383 Wagon Train, a 4 bedroom, 3 bath with 3426 square feet. This home is bank owned and is located in the Montgomery Estates neighborhood.  The overall median listing price among last week’s pending sales was $269,000 with an average time on the market of 77 days.

The number of CLOSED SALES over this past week was 9, down 4 from the previous week’s 13.  The lowest recorded sale price within this group was $209,000 for 2322 Sky Meadows, a 3 bedroom, 2 bath with 1280 square feet within a PUD area near the Tahoe Keys. The highest sale price was for a stunning lake front home with panoramic views for $3,575,000 located at 231 Beach Dr. This is a 4 bedroom, 5 bath Tahoe Keys home with 4139 square feet.  The overall median sale price was $485,000 with an average time on the market (including the escrow period) of 84 days.  This median sale price is higher than the current average for the South Lake Tahoe area and most likely, affected by the sale on Beach Drive.

As of September 8, 2010 there are 601 active listings on the South Lake Tahoe Association of Realtors MLS. Out of these 607 listings, 117 of them are currently in escrow. Out of the 109 pending escrows, there are 33 that are awaiting bank approval for a short sale.

According to the Northern Nevada Regional Multiple Listing Services, there are currently 163 single family homes listed for sale in South Lake Tahoe’s Nevada East Shore. Within this list of Nevada homes for sale, there are 13 homes currently in escrow and 5 of those escrows are awaiting bank approval for a short sale. Among these 163 active listings, the median list price is $975,000.

During this past week there were 4 single family homes put on the market with a median asking price of $732,000. The lowest priced new listing was $479,000 for 189 Carson Dr., a 3 bedroom, 2  bath with 1464 square feet.  On the other end of the price range, the highest priced new listing was $2,650,000 for 1318 Cave Rock Dr.  This stunning contemporary home has 5 bedrooms, 5 baths, 6,337 square feet of living space and views of Lake Tahoe and the Sierra Mountain range. There were no recorded sales reported through the Northern Nevada Regional MLS for this past week.

There are currently 96 condominiums listed for sale on the Nevada side of South Lake Tahoe. The median asking price for this group is $373,500. Out of these 96 condos, there are 13 in escrow. Among the 13 pending sales, 5 are pending bank approval for a short sale (these happen to be the same number of escrows as the single family homes).  During this past week there were 7 new condos listed for sale with a median asking price of $349,900. The lowest priced new condo listing was $219,000 for 759 Boulder, a 2 bedroom, 2 bath with 840 square feet of living space. This condo is located at the top of Kingsbury Grade near Heavenly Ski Resort. The highest priced new condo listing was $1,395,000 for 191 Lake Shore Blvd. #102. This condo has mountain and lake views and includes 4 bedrooms, 3 baths and 1988 square feet. According to the Northern Nevada Regional MLS, there were no new pending sales or recorded sales during the week of August 27th through September 2.